Finding and understanding fees
Finding and understanding fees
I’m having some difficulty understanding kraken fees.
According to https://support.kraken.com/hc/en-us/articles/201893638-How-trading-fees-work-on-Kraken the fees are less than 1%. (Note that there is no mention on this page that these fees only apply to a particular account type.)
However when I did fiat -> BTC and BTC -> fiat I was charged 1.5% for each transaction.
Delving further into the documentation, it appears to be the case that these fees were because I was using an intermediate account.
Can anyone confirm that if I upgrade to a pro account the fees will be the much lower (0.16%/0.26%)?
I haven’t used kraken but most exchanges work that way by offering a nice ui and easy few button trading to users to charge them higher fees above using the Pro(/or just a different) version of the exchange.